New Horizons Learning Center Inc

Analysis

New Horizons Learning Center Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Horizons Learning Center Inc reported income of $773k and spending of $694k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $566k to $773k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Horizons Learning Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Council on Families in Crisis Inc ($773k), Womens Non-Profit Alliance ($773k) and Caring Congregations ($773k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $411k. At year end it held assets of $888k against liabilities of $506k, net assets of $381k. It reported 22 employees.